Canada

The economy of
Canada is quite advanced and most of the people enjoy high standard of
living. In fact,

Canada has an
abundance of natural resources, such as forests, minerals, fish, and
hydroelectric power, all of which has helped Canada focus their economic
development on the export of raw materials and around 33.6 percent of
its GDP is dedicated to exports. This has in turn led to the
conservation of the resources, which is a top priority of the nation.

Since the recession of the early 1990s, The Canadian economy has grown
more rapidly than the other developed countries. The success can be
attributed to several factors, including low inflation, low interest
rates, and a low Canadian dollar (with respect to other major
currencies), all of which helped exports to grow. During the year from
1986 to 1995, the Canadian economy grew 20.4 percent and reached a GDP
of C$776.3 billion, representing a per-capita income of C$25,900. In
1999 it was C$976.7 billion. The mining, communications, utilities,
trade, and financial services sectors grew the most in output, while
employment growth was greatest in nongovernmental services. At the same
time, the proportion of GDP accounted for by federal government
expenditure decreased from 23.1 to 15.2 percent, the result of the sale
of several large government-owned corporations as well as reduced
program spending.